https://www.taxtmi.com/caselaws?id=24929 The Court determined that penalties for concealment of income by doctors should be based on the law in place at the time of the offense, not at the time of penalty imposition. The Tribunal's application of the amended law for penalty computation was deemed incorrect. The judgment emphasized that penalties are of a penal nature and should not exceed what was applicable at the time of the offense. The decision was unanimous, with Judges H. L. Agarwal and K. P. Mohapatra concurring. No costs were awarded to either party. en-us Mon, 04 Apr 1988 00:00:00 +0530 Sat, 23 Jan 2010 12:33:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24929 The Court determined that penalties for concealment of income by doctors should be based on the law in place at the time of the offense, not at the time of penalty imposition. The Tribunal's application of the amended law for penalty computation was deemed incorrect. The judgment emphasized that penalties are of a penal nature and should not exceed what was applicable at the time of the offense. The decision was unanimous, with Judges H. L. Agarwal and K. P. Mohapatra concurring. No costs were awarded to either party. Case-Laws Income Tax Mon, 04 Apr 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24929